The Roma Company Head quartered in Richmond California manufactures products for the home Exhibit shows the financial

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The Roma Company Head quartered in Richmond California manufactures products for the home Exhibit shows the financial statements from the 2007 annual report


The Roma Company Head quartered in Richmond California manufactu


The Roma Company
Statement of Retained Earnings
For Year Ended December 31 2007
(in thousands)
Particulars Amount
Retained Earnings 1/1/2007 .......................$115,311.50
Add: Net income .........................................$32,550.00
Less: Dividends .........................................$(11,928.00)
Retained Earnings 12/31/2007 ...................$135,933.50

The Roma Company Head quartered in Richmond California manufactu


Required
For 2007, calculate the following ratios2007.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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